Monday, February 04, 2008

China Companies Sued Over Music Piracy

From BBC:
The trade body representing the global record industry has launched piracy lawsuits against China's biggest internet companies.

Firms targeted in the legal action include Baidu, China's largest Internet business, and Yahoo China, in which US giant Yahoo has a 44% stake.

The International Federation of the Phonographic Industry says the firms offer direct links to pirated music.

It estimates that 99% of all music files in China are pirated.

As a result, the trade body says the annual legal music market in China accounts for just $76m (£38m).
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